Visa has launched commercial USDC stablecoin funding for international payments through Visa Direct, naming Inyo Global as its first partner to bring the service into production on October 15, 2026.
Summary
Visa launched commercial USDC prefunding through Visa Direct on October 15, with Inyo Global participating. Inyo Global became the first processor enabling businesses to fund Visa Direct payouts using USDC. Visa Direct clients can prefund cross-border payments near real time through existing Inyo platform connections. Inyo’s platform supports domestic and international payouts across more than 180 countries through Visa Direct. Visa introduced separate stablecoin prefunding and payout pilots during 2025 before announcing commercial deployment Thursday. Visa announced Thursday that eligible businesses can now use USDC to fund cross-border payouts through Inyo’s payment infrastructure. The launch follows trials conducted during 2025 and introduces stablecoin funding into Visa Direct’s existing commercial payment operations.
The service allows participating companies to make funds available for international transfers in near real time, without depending entirely on conventional banking hours. Visa said the offering is initially available through Inyo, with access determined by customer eligibility and geographic restrictions.
Inyo serves banks, money transmitters, fintech companies, and payment providers. Its existing infrastructure supports domestic and international payouts across more than 180 countries, although Visa has not confirmed that stablecoin prefunding is available in every market served by the platform.
Visa Direct begins live USDC funding for global payments With the commercial launch, Inyo’s clients can use USDC to provide funds needed for international payouts through Visa Direct. The stablecoin, issued by Circle, is designed to maintain a value of $1 and can be transferred through supported blockchain networks.
Under conventional prefunding arrangements, businesses often need to place money into designated accounts before payment transactions can be processed. Availability may depend on banking hours and settlement schedules, particularly when transfers involve different countries.
Visa’s new offering gives eligible businesses another funding option. Through Inyo’s existing integration, participating companies can provide USDC to support their cross-border payout obligations without building a separate payment system.
The company’s announcement describes near-real-time prefunding, not a guarantee that every international transfer will reach its recipient immediately. Actual payment delivery remains subject to the destination market, payment method, and applicable availability requirements.
Inyo has incorporated the stablecoin capability into the application programming interfaces already used by its customers. The platform supports customer onboarding, compliance checks, fraud management, payment acceptance, and domestic and international transfers through a single connection.
Robson Dantas, Inyo Global’s co-founder and chief product and technology officer, said the integration gives businesses a funding method available around the clock through familiar technology.
The arrangement is intended for companies managing repeated international payments, including money transfer operators and fintech platforms serving customers across multiple markets.
Visa moves stablecoin payment pilots into commercial use The October rollout follows Visa’s earlier testing of blockchain-based payment infrastructure. In September 2025, the company introduced a stablecoin prefunding pilot under Visa Direct to examine how businesses could finance international payouts using digital dollars.
The initial Visa stablecoin cross-border payment pilot focused on funding flexibility and liquidity management. Eligible participants could test stablecoin funding arrangements designed to reduce their reliance on traditional payment schedules.
In November 2025, Visa introduced a separate program allowing eligible businesses to send dollar-backed stablecoins directly to digital wallets. The stablecoin payouts pilot for creators and gig workers targeted freelancers, online creators, and other workers receiving payments from international platforms.
The two programs tested different parts of the payment process. Prefunding concerns how a business supplies money to support a payout, while direct stablecoin payouts concern the asset received by the final customer.
Thursday’s commercial announcement specifically identifies Inyo Global as the first processor to introduce the USDC prefunding capability into production. Visa did not announce that every payout processed through Inyo would be delivered to customers as USDC.
Following the initial trials, the company said it had worked with payment providers to examine how stablecoins could support global transfers and improve access to funds outside normal banking schedules.
Vira Platonova, global head of Visa Direct, described the commercial release as the next stage of the company’s stablecoin work.
“The next chapter for stablecoins is adoption,” Platonova said, explaining that Visa’s previous testing was now producing live implementations for business customers.
Inyo Global integrates stablecoins into existing payment services Inyo’s role in the launch centers on connecting its payment processing platform with Visa Direct’s stablecoin funding service. Businesses already using Inyo’s interfaces can access the new capability when they meet the required conditions.
The company works with financial institutions and payment businesses that need to manage accounts, screen transactions, and distribute funds domestically or internationally. Its platform combines several payment functions through one technical integration.
According to Inyo, USDC prefunding will allow eligible customers to fund payout activity at any time of day. The company expects the service to reduce dependence on limited banking windows when businesses need to make funds available for international transfers.
Dantas described the offering as “a new way to fund their payouts” and said customers could access it through the same interfaces they already use.
Visa has not disclosed the number of businesses currently using the stablecoin service, its initial transaction volume, or the amount of USDC processed since production began. The announcement did not provide a complete list of eligible countries or a timetable for expanding availability.
The company confirmed that its existing network controls remain part of the service. Participating businesses must continue meeting relevant compliance, security, and eligibility requirements.
Visa’s implementation with Inyo concerns a processor connecting business customers to international payout infrastructure. It does not require every recipient to open a cryptocurrency wallet or accept stablecoins.
Visa expands stablecoin services across its payment network The Inyo launch follows other commercial developments in Visa’s digital asset business. The company has been expanding stablecoin settlement, payment processing, and card products through agreements with financial institutions and technology providers.
In September, Visa reported that its stablecoin-linked card network had expanded to more than 160 programs globally. The company said spending through those programs had increased nearly 200% year over year.
Visa separately reported that stablecoin settlement activity had exceeded a $20 billion annualized rate. The figure described payment settlement activity across its supported programs and did not represent transaction volume from the newly launched Inyo service.
The company’s stablecoin strategy includes partnerships with financial institutions and payment providers seeking to connect blockchain transfers with existing accounts and payment networks. Products vary by market and may involve digital asset settlement, fiat payouts, or cards linked to stablecoin balances.
Following Thursday’s announcement, Visa said it intends to work with clients and partners on further stablecoin payment applications. No additional Visa Direct prefunding processors were named in the release.
Platonova is scheduled to discuss the company’s stablecoin payment operations during sessions at Money20/20 USA the following week. Visa has not announced another production partner or a specific date for the next rollout.
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Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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Solana [SOL] has extended its bearish run following Wednesday’s broader crypto market sell-off, triggered by hotter-than-expected U.S. inflation data.
According to the release, September’s Consumer Price Index (CPI) rose 3.7% YoY, exceeding the 3.6% forecast and increasing concerns about interest rates remaining elevated. As a result, treasury yields climbed while the U.S. dollar strengthened, adding pressure to risk-sensitive assets.
The macroeconomic pressure is coinciding with weakening activity across Solana’s ecosystem. DeFi tokens operating in the ecosystem have also dropped significantly. Jupiter [JUP] and Raydium [RAY] are the top losers, with each token’s price dropping by 9.4% and 10.6%, respectively.
The network’s transaction volume has reportedly fallen to its weekly lowest while daily active addresses have also declined, suggesting investors are becoming more cautious following the inflation report.
Network activity signals caution
Solana’s reported transaction-volume metric has fallen to $20.25 million, while daily active addresses have also retreated to just 3.74 million addresses.
These declines could indicate weakening participation as traders respond to the macroeconomic uncertainty. However, its developments as the price action remains tied with the demand zone should be examined further.
A continued decline in active addresses and transaction activity would strengthen concerns about weakening ecosystem demand.
Source: Santiment
Can SOL bulls reverse the downtrend?
As it stands, the combination of macroeconomic pressure and weakening network indicators presents a challenging backdrop for SOL. The impacts of the weakening on-chains and fundamentals are already evident on the daily chart.
SOL’s price action just invalidated a key ascending trendline support at around $111 a few days ago. The token is now trading below both its 20-day and 50-day EMA at $103, and a drop past the $100 psychological level could amplify the current bearish push.
Source: TradingView
A recovery in broader market sentiment, accompanied by renewed network activity, could help buyers stabilize price action. Conversely, persistent selling pressure and further declines in ecosystem participation could prolong the correction.
SOL’s near-term outlook will depend on whether buyers return as macroeconomic uncertainty weighs on crypto markets.
Final Summary
SOL extended its bearish run after September U.S. inflation rose to 3.7% annually, above the 3.6% forecast.
Solana’s declining transaction volume and daily active addresses signal a weaker participation as investors and traders shy off.
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Analysis: Bitcoin short-term holders’ holdings rise to 4.08 million coins, up 422,000 from July’s low.
Crypto analyst Axel Adler Jr stated that short-term holders currently hold approximately 4.08 million bitcoin, the highest level since mid-June. Since the July 29 low, this holding has risen by around 422,000 units, a 12% increase. Of that total, some 154,000 bitcoin were added in the first two weeks of October, and a further 48,000 in the past week. He added that most new buyers entered the market in the $82,000 to $86,000 range. As of press time, the average cost basis for short-term holders stands at roughly $74,900, with their unrealized profit buffer narrowing from about 16% to around 10%. Adler noted that $74,900 is the breakeven point for this group, and bitcoin prices have remained above this cost level since August 20. A drop below this threshold would push the group into overall unrealized losses, potentially intensifying selling pressure.
Solana, which operates one of the world’s largest cryptocurrencies, has cancelled a high-profile event in Shanghai at the last minute as local police appeared on site, according to social media posts, just a day after the firm touted the opening of a fancy new office in the city.
Solana was slated to host its Solana Accelerate China event in Shanghai on Friday morning, part of a week-long event across major cities in mainland China. Shortly before the event kicked off, however, the company said in an email update to attendees that the programme had to be “postponed” due to “last-minute logistical considerations”, according to screenshots circulating on social media.
Social media posts also indicated that a few local police officers showed up at the event venue. Solana did not immediately respond to a request for comment.
The abrupt suspension of the event followed a splashy marketing campaign in the city earlier this week, which raised questions about how the company was able to do so amid Beijing’s strict ban on crypto-related business activities.
Ledger announced Atom, an Android-based touchscreen device with a built-in cellular connection, at its Op3n event in Paris on Thursday, less than a week after the company confirmed that tampered Ledger wallets sold in Southeast Asia had been used to steal users' recovery phrases.
The launch comes as Ledger is still investigating how covert implants ended up inside devices sold by reseller CryptoBilis. The implants read the 24-word recovery phrase from the screen during setup and transmitted it over LTE using an eSIM, in an incident onchain researchers have linked to more than $86 million in suspected thefts. Ledger has since asked resellers in seven Asian markets to pull its devices from shelves, a second tampered unit has surfaced in Singapore, and rival Trezor has moved to cut its own reseller network, as we previously reported. Ledger has not yet said who tampered with the devices or where in the distribution chain it happened.
Atom is a more complex device than anything Ledger currently sells. According to Ledger's product page, it runs a full Android environment with direct internet access over a data-only 4G/5G connection, alongside a separate Secure Element running Ledger OS that handles keys and signing. When a user signs a transaction or approves an AI agent request, an FPGA chip cuts the Android side off from the display and touch panel and Ledger OS takes over the screen. Ledger says a fully compromised Android environment cannot view or alter that exchange. The device will also ship with Solana Mobile's Seeker app and dApp Store preinstalled, according to a joint announcement, and will support Ledger's system for approving transactions proposed by AI agents.
Putting a cellular radio in a signing device is a notable design choice given how the CryptoBilis attack worked. The implants needed to add their own eSIM to get recovery phrases off the device, and Atom now comes with that connectivity built in. Ledger's architecture is designed so the Android side never sees the seed, but an always-connected device also raises a separate network privacy problem. Cellular identifiers such as the SIM and device IDs are visible to carriers and can be tied to a user's identity and location, which could link a known crypto holder to a specific device wherever it connects. Ledger has not said how Atom will prevent that.
Ledger said Atom will detect attempts to open the enclosure or remove the screen, that its tamper sensors run on a separate battery, and that the device will be sold only through Ledger's own website. Reservations for a Founder's Edition are open with a refundable deposit. The Block reported a price of $849, with deliveries expected from summer 2027 pending certification, more than twice the price of Ledger's most expensive current signer.
The announcement asks users to trust Ledger with a more connected and more complicated device at the moment that trust is weakest. The company's immediate problem is its existing product line: buyers want to know that a simple signer bought from a store has not been opened, and that Ledger can account for every point in its supply chain. Until Ledger publishes its findings on where the CryptoBilis devices were altered, Atom's tamper protections will be judged against a failure the company has not yet explained.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Bitcoin fiyatı, 80.000 doların altına kısa süreli gerilemesinin ardından hızlı bir toparlanma göstererek yeniden 82.500 dolar seviyesine yaklaştı. Perşembe günü yaklaşık 79.800 dolara kadar düşen BTC, alıcıların devreye girmesiyle iki saat içinde kayıplarının önemli bir bölümünü telafi etti. Asya piyasalarında hisse senetlerinin de yükselişe geçmesi ve Güney Koreli çip üreticilerinin toparlanması, küresel piyasalarda risk iştahının yeniden güçlendiğine işaret etti. Kripto para piyasasında Zcash (ZEC) yüzde 8’e yakın yükselişiyle dikkat çekerken Ethereum, Solana ve XRP gibi önde gelen altcoinlerde de artış görüldü. Yatırımcılar şimdi Bitcoin’in 84.000 dolar direncini aşıp aşamayacağını yakından takip ediyor.
Bitcoin Fiyatı 80.000 Doların Altından Hızla Toparlandı Bitcoin, perşembe günü yaklaşık 79.800 dolara kadar gerileyerek son haftada alıcıların iki kez savunduğu 80.400 dolar seviyesinin altına indi. Ancak bu düşüş uzun sürmedi. Fiyatın 80.000 doların altına sarkmasını alım fırsatı olarak değerlendiren yatırımcıların devreye girmesiyle BTC, yaklaşık iki saat içinde 82.500 dolara kadar yükseldi. Bitcoin, Asya işlemleri boyunca 81.000 doların üzerinde tutunarak kısa vadeli toparlanma eğilimini korudu. Bu hareket, kritik destek seviyelerinin altına yaşanan geçici düşüşlerin ardından alıcıların yeniden güç kazanabildiğini gösterdi.
İlginizi Çekebilir: Solana’da Kritik Eşik: 100 Dolar Desteği Kırılacak mı?
Kripto para piyasasında toparlanma Bitcoin ile sınırlı kalmadı. Zcash (ZEC), yaklaşık yüzde 8 yükselerek büyük kripto varlıklar arasında günün öne çıkan isimlerinden biri oldu. Solana (SOL), Ethereum (ETH), XRP ve TRON (TRX) yaklaşık yüzde 1 değer kazanırken BNB fiyatında belirgin bir değişim görülmedi. Farklı kripto varlıklarda gözlenen bu yükselişler, piyasanın genelinde sınırlı da olsa pozitif bir görünüm oluştuğunu ortaya koydu. Özellikle ZEC fiyatındaki güçlü hareket, yatırımcıların bazı altcoinlere yönelik ilgisinin arttığına işaret etti.
Asya Borsaları ve Çip Üreticileri Yükselişe Geçti Asya hisse senedi piyasalarında da alımlar hız kazanarak küresel piyasalardaki toparlanmayı destekledi. MSCI Asya Pasifik hisse senedi göstergesi yüzde 1,3 yükselirken Güney Kore’nin Kospi endeksi yaklaşık yüzde 3 değer kazandı. Özellikle teknoloji sektöründeki toparlanma dikkat çekerken Samsung Electronics ve SK Hynix hisseleri yüzde 2’nin üzerinde yükseliş kaydetti. Söz konusu yükselişler, bir önceki işlem gününde yaşanan sert kayıpların ardından yatırımcıların yeniden alıma yöneldiğini gösterdi.
Buna karşılık Taiwan Semiconductor Manufacturing (TSMC) hisseleri, yapay zeka sektöründeki harcamaların sürdürülebilirliğine yönelik endişeler nedeniyle diğer teknoloji şirketlerinden ayrışarak geriledi. Yapay zeka yatırımlarının gelecekteki büyüme üzerindeki etkisine ilişkin soru işaretleri, çip üreticilerinin performansında farklılaşmaya yol açtı. Asya piyasalarındaki bu hareketlilik, yatırımcıların hem teknoloji sektöründeki gelişmeleri hem de küresel ekonomik görünümü yakından izlediğini ortaya koydu.
Bitcoin İçin 84.000 Dolar Direnci Neden Önemli? Bitcoin fiyatında kısa sürede yaşanan toparlanma, alıcıların düşük seviyelerde yeniden harekete geçtiğini gösteriyor. Ancak yükselişin kalıcı olup olmadığını anlamak için 84.000 dolar seviyesi yakından izleniyor. Çarşamba günü enflasyon verilerinin ardından görülen yükselişin bu bölgede ivme kaybetmesi, söz konusu seviyeyi önemli bir direnç noktası hâline getiriyor. ABD tahvil getirilerindeki yükseliş ve Federal Reserve Başkanı Kevin Warsh’ın açıklamaları da piyasalarda yakından takip edilecek gelişmeler arasında bulunuyor. Bitcoin’in 84.000 doların üzerine çıkması yükseliş momentumunu güçlendirebilir.
Son Dakika kripto para haberleri için hemen tıkla.
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Solana’s RWA market surged to $4.3 billion, growing more than sixfold in one year. Tokenized U.S. Treasuries account for roughly 35% of Solana’s RWA market. Coinbase tokenized stocks on Base reportedly reached $2.8 billion in cumulative DEX volume. Solana led 30-day application revenue at $193.1 million, largely driven by consumer trading. Solana’s real-world asset (RWA) market has reached approximately $4.3 billion, narrowing its gap with Ethereum as tokenized government securities, equities and credit products attract more capital to blockchain-based financial infrastructure.
The increase from roughly $700 million a year earlier represents more than sixfold growth, according to an October 15 Castle Labs research report. Ethereum’s comparable market expanded from $15.5 billion to $16.6 billion, leaving Solana at approximately 26% of Ethereum’s RWA value, compared with 4.5% previously.
Meanwhile, activity in tokenized equities is accelerating beyond Solana. A Coinbase-branded chart shared on October 16 shows approximately $2.8 billion in cumulative decentralized exchange trading volume for Coinbase-issued tokenized stocks on Base.
Together, the developments reveal two distinct parts of the tokenization market: the growing value of assets issued onchain and the infrastructure emerging to trade them.
Treasury Products Account for a Significant Share of Solana’s Growth Solana’s expansion is not driven exclusively by tokenized stocks.
Data attributed to RWA.xyz in the Castle Labs analysis places tokenized U.S. Treasury products at approximately $1.52 billion, representing around 35% of Solana’s reported RWA market.
That composition matters because Treasury-backed products have different economic characteristics from tokenized equities. Their returns are generally linked to underlying short-term government securities, rather than corporate earnings or stock price appreciation.
The remaining RWA market includes other tokenized financial instruments, such as equities and credit products.
RWA Market Comparison TOKENIZED ASSET MARKET
Solana’s RWA Market Expands Rapidly
Approximate RWA value in USD
Solana
$4.3B
+$3.6B in one year
Ethereum
$16.6B
+$1.1B in one year
Solana value relative to Ethereum
26%
Previously 4.5% · Latest 26%
Source: Castle Labs, October 15, 2026. Rounded figures.
Solana added approximately $3.6 billion in RWA value over the period, more than three times Ethereum’s net increase in dollar terms.
However, the figures describe assets represented on each network, not necessarily fresh investment inflows.
Changes in tokenized asset value can also reflect issuance, redemptions, price movements and transfers between blockchain ecosystems.
This distinction is particularly relevant for institutions evaluating where to issue financial products. A growing tokenized asset base demonstrates infrastructure adoption, but secondary-market liquidity determines how easily investors can enter or exit positions.
Coinbase’s $2.8 Billion Trading Figure Raises a Different Question Coinbase’s tokenized equity activity provides a useful contrast.
The company’s tokenized stock products are issued on Base, its Ethereum layer-2 network, and are designed to provide eligible investors with economic exposure to listed equities.
According to Coinbase’s official product documentation, the tokens are backed one-for-one by underlying shares held in custody and can be used within supported decentralized finance applications.
Token Terminal reported in X $2.8 billion in cumulative DEX trading volume indicates substantial transaction activity, but it does not reveal how widely ownership is distributed.
Cumulative DEX volume for Coinbase-issued tokenized stocks reaches ~$2.8B
Tokenized stock trading generates transaction fee revenue for Coinbase today, while securities lending income & DEX trading fees represent potential future revenue sources https://t.co/aiEY7L5VQe
— Token Terminal 📊 (@tokenterminal) October 15, 2026
An October 5 Bitquery investigation provides a more detailed view. Researchers tracked $1.45 billion in trading volume during the 30 days ending October 4 and found that three wallet groups accounted for 67% of transactions.
One group of 108 wallets represented 37% of trading activity and consistently settled transactions with an address Bitquery identified as associated with Wintermute.
The analysis also found that Coinbase’s tokenized equities generally traded within 0.09% of their underlying share prices during U.S. market hours.
This points to an important market structure issue. Professional liquidity providers can generate substantial trading turnover while helping prices remain closely aligned with underlying securities.
For investors, tight pricing may improve execution. For market observers, however, it means headline trading volume should not automatically be interpreted as broad retail adoption.
Coinbase’s chart identifies transaction fees as an existing revenue source, with securities lending and additional DEX fees presented as potential future opportunities.
Tokenized Securities Are Moving Into Lending Markets The growing integration of RWAs into decentralized lending represents another development beyond issuance and trading.
On Solana, platforms such as Kamino and Jupiter Lend allow supported assets to serve as collateral, potentially enabling investors to borrow against tokenized holdings rather than selling them.
For example, an eligible investor holding $10,000 of accepted tokenized securities could potentially borrow stablecoins against that position, subject to the protocol’s collateral requirements.
If the applicable maximum loan-to-value ratio were 60%, the theoretical borrowing limit would be $6,000. That is an illustration, not a verified lending parameter for any specific token.
The position would remain exposed to changes in collateral value, interest rates and liquidation thresholds. Investors would also need to consider whether the tokenized security can be redeemed or transferred during periods of market stress.
These constraints help explain why RWA market capitalization does not automatically translate into equivalent decentralized lending activity.
Castle Labs’ broader RWA research found that access controls, identity verification and redemption restrictions continue to limit the proportion of tokenized assets actively deployed in DeFi.
Application Revenue Shows Where Solana Still Depends on Speculation Solana’s application ecosystem generated $193.1 million in revenue over the preceding 30 days, ahead of Hyperliquid and Ethereum in the networks compared by Castle Labs.
However, roughly 80% came from consumer applications, including token launchpads and trading platforms, rather than RWA-related financial services.
PumpFun contributed approximately $39 million. Castle Labs also found that the three largest consumer applications accounted for 50.2% of category revenue in the third quarter of 2026, down from 64% in the fourth quarter of 2025.
REVENUE COMPARISON
Application Revenue
Trailing 30 days · USD millions
Solana$193.1M
Hyperliquid$86.5M
Ethereum$53.8M
Source: Castle Labs, October 15, 2026. Bars scaled relative to Solana. Revenue classifications follow the report.
The revenue breakdown exposes a challenge for Solana’s institutional finance ambitions. Its RWA market is expanding quickly, but speculative consumer activity remains the dominant source of application income.
For tokenized finance to become a more substantial revenue contributor, the ecosystem will need more than additional asset issuance. It will require recurring trading, lending and settlement activity that can persist through weaker cryptocurrency market conditions.
What Would Confirm a More Mature RWA Market? Castle Labs estimates that more than $500 million in active RWA value is deployed across Solana DeFi protocols, representing approximately 8% of the network’s net total value locked.
The next indicators to watch are the proportion of tokenized securities used as collateral, the distribution of trading activity across participants and the ability of lending markets to maintain liquidity during periods of volatility.
Those measures would provide a clearer picture of whether tokenization is developing into a functioning financial market rather than primarily increasing the value of assets recorded onchain.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
The Solana Foundation’s Accelerate China 2026 event in Shanghai has been abruptly suspended on October 16, leaving registered attendees outside the venue for more than an hour as reports emerged of law enforcement officers at the location.
Summary
Solana’s Shanghai event was suspended October 16, with registered attendees reportedly unable to enter the venue.
Attendees reported eight or nine law enforcement officers outside the Shanghai venue during Friday’s disruption.
Binance founder Changpeng Zhao questioned whether Solana organizers understood China’s regulations following the reported suspension.
Solana’s China tour includes four cities, with Hangzhou, Shenzhen, and Beijing scheduled after Shanghai’s event.
Chinese regulators reaffirmed restrictions on cryptocurrency business activities through an official notice issued February 2026.
Organizers informed participants that the morning program had been postponed because of venue logistics, according to an event notice reported Friday. Some attendees said they waited approximately 90 minutes without gaining entry, while a separate account described eight or nine officers stationed at the Shangri-La Hotel.
The disruption occurred on the opening day of Solana’s planned four-city tour across mainland China. Binance co-founder Changpeng Zhao, known as CZ, questioned whether the organizers understood the country’s cryptocurrency regulations after learning about the incident.
Although the event was described as canceled in initial reports, the organizers’ notice referred to postponing the morning sessions. No replacement schedule had been confirmed, and Chinese authorities had not publicly explained the reported police presence.
Solana Shanghai event suspended as attendees wait outside
The Shanghai gathering was scheduled to begin Friday morning, bringing together developers, investors, technology companies, and members of the Solana ecosystem.
According to the published event agenda, registration was expected to begin at 9:30 a.m. China Standard Time. Opening remarks were scheduled for 10 a.m., followed by presentations on blockchain infrastructure, financial technology, artificial intelligence, and other emerging technologies.
However, attendees reported being unable to enter the venue when they arrived. One participant, posting on X under the name Olivia, described officers standing near the entrance and preventing visitors from proceeding inside.
Olivia said approximately eight or nine law enforcement officers were present at the Shangri-La Hotel. She claimed attendees remained outside for over an hour and that some were questioned about their reasons for attending.
In one account, an attendee reportedly identified himself as a blogger when questioned about his purpose for visiting. Olivia described the interruption as disappointing for developers and community members who had traveled to participate in the gathering.
Other registered attendees reported waiting as long as an hour and a half before receiving confirmation that the event would not proceed as originally scheduled.
Around noon, organizers reportedly sent participants an apology notice explaining that the morning activities had been postponed because of logistical arrangements at the venue.
The notice directed registered guests to monitor their emails and Luma event notifications for any revised schedule. It did not identify a regulatory violation, confirm that authorities had ordered the shutdown, or provide a new starting time.
CZ questions Solana’s knowledge of China’s crypto rules
Following the reports from Shanghai, Binance co-founder Changpeng Zhao publicly questioned whether the Solana Foundation had properly considered China’s regulatory requirements.
Responding to an attendee’s account, CZ commented, “Sad to see. Looks like they really didn’t know the local policies?”
He pointed to a similar interruption involving a Solana event in mainland China less than a year earlier. His remarks suggested concerns about the organizers’ understanding of local restrictions, although he did not provide evidence identifying the reason for Friday’s suspension.
The comments came one day after Zhao expressed approval of Solana’s recent efforts to establish a physical presence in Shanghai.
On October 15, he responded to posts by Solana Foundation Chief Strategy Officer Rachel Conlan concerning the project’s office and advertising activities in the city.
Zhao described the developments positively, noting that BNB Chain had not secured comparable arrangements in mainland China. He expressed hope that progress by one blockchain project could benefit others operating in the industry.
His subsequent reaction followed reports that Solana’s planned gathering had been interrupted, with the exact regulatory circumstances still unclear.
A previous Solana event in Shenzhen faced disruption in October 2025 when local police reportedly conducted an on-site inquiry.
At the time, organizers attributed the cancellation of the final hackathon presentations to venue capacity and public safety concerns. The available account did not establish that cryptocurrency regulations caused the earlier interruption.
China maintains restrictions on crypto business activities
Mainland China continues to prohibit cryptocurrency trading services and other specified digital asset business activities under regulations enforced by the People’s Bank of China and other government agencies.
In February 2026, the central bank and seven government departments issued revised guidance strengthening the country’s approach to virtual currencies and real-world asset tokenization.
The authorities confirmed that cryptocurrency-related business activities remain classified as illegal financial activities. The notice covers services involving virtual currency trading, token issuance, and certain financial products linked to digital assets.
The updated requirements restrict the provision of commercial services supporting unauthorized cryptocurrency businesses, including some promotional and advertising activities.
Chinese regulators have maintained a distinction between prohibited cryptocurrency financial activities and approved uses of blockchain technology.
Earlier this month, Chinese authorities outlined plans for a national blockchain infrastructure network, reflecting government interest in distributed ledger technology for approved data and commercial applications.
China’s February notice introduced further controls covering real-world asset tokenization and offshore entities offering restricted services to domestic customers.
The regulatory changes were examined in earlier coverage of China’s updated digital asset and stablecoin rules, including restrictions on unauthorized yuan-linked stablecoins and certain tokenized assets.
No public statement from Chinese authorities had confirmed that Friday’s Shanghai event violated those requirements. The organizers’ explanation referred to venue logistics, while attendee accounts separately described law enforcement officers at the location.
Solana’s remaining three China events face uncertainty
The Shanghai gathering was scheduled as the first stop of Solana Accelerate China 2026, a weeklong program running from October 16 through October 22.
The Foundation’s official event schedule listed four locations, with Shanghai followed by Hangzhou on October 18, Shenzhen on October 20, and Beijing on October 22.
The planned sessions cover blockchain development, financial infrastructure, artificial intelligence agents, robotics, consumer technology, and payment systems.
Friday’s Shanghai agenda included an opening presentation by Solana Foundation President Lily Liu on the network and blockchain-based financial markets. Other sessions were expected to feature developers and technology executives discussing AI applications, hardware, and payments.
The event was designed to connect Chinese technology companies with developers and investors working across the international Solana ecosystem. Organizers had required advance registration, with venue details provided to approved participants.
At the time of writing, the Foundation’s public event website continued to display the original four-city schedule. No confirmed changes to the Hangzhou, Shenzhen, or Beijing events had been announced.
Elsewhere in the region, Solana investment products have continued expanding under Hong Kong’s separate financial regulations.
Earlier this week, Pando Finance prepared to list Hong Kong’s second spot Solana ETF, following the introduction of ChinaAMC’s SOL investment product.
Pando’s fund was scheduled to begin trading on October 13, with a 0.6% annual management fee. Its investment structure provides exposure to Solana through a regulated exchange-traded fund and does not involve staking the underlying tokens.
For the Shanghai gathering, organizers said registered attendees would receive revised arrangements directly once the schedule was confirmed. No new date or time had been publicly announced.
A crypto whale has opened a 15x short position on ETH, with the position value reaching 18.05 million USD.
According to TradingBeats' monitoring, Hyperliquid address 0xd7b8…9f55 currently holds around 7,351 ETH short positions, using 15x full-margin leverage. The position is valued at approximately $18.05 million, with an unrealized loss of roughly $27,000. The average entry price of the position is about $2,452.59, and its liquidation reference price is around $2,695—roughly 9.8% higher than the current mark price. Trading statistics indicate that this address has previously accumulated a profit of approximately $2.51 million from ETH trades.
7 minutes ago
A trader holds a long position worth $11.2 million in HYPE, with an unrealized profit of approximately $58 million.
According to SpotOnChain’s monitoring, Hyperliquid trader watershedpath holds a $11.2 million long HYPE position with 5x leverage, generating an unrealized profit of approximately $58 million. The position’s average entry price is $38.68, while HYPE currently trades at $81.38—nearly doubling since entry—and the trader has held the position without taking profits. This is one of the largest single-sided HYPE positions on Hyperliquid, with the trader’s total profit on the platform exceeding $50 million.
7 minutes ago
Li Lin-backed crypto-friendly securities platform UMX officially launches.
Cryptocurrency-friendly securities platform UMX (The Unified Market Exchange), incubated by Li Lin’s Avenir Group, announced its official launch. Since the start of its public beta on August 10, UMX has received a total of 788 product feedbacks, with 89 demands implemented in the official version. Positioned as a crypto-friendly securities platform for global professional investors, UMX’s core offerings include real Hong Kong and US stocks, ETFs, US stock options and crypto asset trading. It is designed to address issues such as digital and securities assets being segregated in different account systems, complex cross-market allocation processes, and scattered purchasing power. Users can trade real securities and crypto assets under a unified account system, flexibly transfer funds between securities, crypto assets and fiat currencies, and access unified margin for cross-asset operations.
7 minutes ago
Japan's three major banks jointly complete empirical test for the joint issuance and cross-border payments of yen stablecoin.
Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), MUFG Trust Bank, and TISI announced that they have completed a joint multi-bank stablecoin issuance and cross-border payment pilot program from July 17 to 23, 2026. The project is supported by Japan’s Financial Services Agency (FSA)’s Fintech Pilot Center Payment Innovation Program (PIP). The three banks acted as co-principals, with MUFG Trust Bank serving as trustee. Under the trust agreement, the stablecoin was issued as a specific trust beneficial right per Japan’s Funds Settlement Act, using cross-border settlements between Mitsubishi Corporation’s Japanese and overseas bases as the use case to verify regulatory compliance and operational feasibility. All parties confirmed the system’s security and the viability of the multi-bank issuance model, and completed end-to-end verification of the stablecoin’s issuance, transfer, and redemption processes. The three banks previously stated plans to launch live transactions within the 2026 fiscal year, and established a joint discussion committee. With deposits as reserves and circulation limited to bank-verified users as core design premises, they will continue advancing the implementation of stablecoins and on-chain finance.
7 minutes ago
OpenAI upgrades GPT-Live-1.1: adds 13 new voices and reduces repetitive utterances of "checking in progress"
Beating AI News Flash: OpenAI has launched its new real-time voice model GPT-Live-1.1, along with a lightweight version, GPT-Live-1.1 Quip. The update adds 13 new voices covering languages including French, German, Hindi, Japanese, Korean and Mexican Spanish, plus an English voice named Bubbie. OpenAI states that the new version improves multilingual accents to make voice conversations more natural. The AI also no longer repeats fixed phrases such as "Checking" when searching for information, and task handoffs to other models are now smoother. GPT-Live-1.1 will be the default voice model for Plus and higher-tier subscribers, while other users will default to Quip. The update is rolling out to ChatGPT, Codex and dots, with API access to be opened later.
7 minutes ago
Analysis: Bitcoin short-term holders’ holdings rise to 4.08 million coins, up 422,000 from July’s low.
Crypto analyst Axel Adler Jr stated that short-term holders currently hold approximately 4.08 million bitcoin, the highest level since mid-June. Since the July 29 low, this holding has risen by around 422,000 units, a 12% increase. Of that total, some 154,000 bitcoin were added in the first two weeks of October, and a further 48,000 in the past week. He added that most new buyers entered the market in the $82,000 to $86,000 range. As of press time, the average cost basis for short-term holders stands at roughly $74,900, with their unrealized profit buffer narrowing from about 16% to around 10%. Adler noted that $74,900 is the breakeven point for this group, and bitcoin prices have remained above this cost level since August 20. A drop below this threshold would push the group into overall unrealized losses, potentially intensifying selling pressure.
A crypto whale has opened a 15x short position on ETH, with the position value reaching 18.05 million USD.
According to TradingBeats' monitoring, Hyperliquid address 0xd7b8…9f55 currently holds around 7,351 ETH short positions, using 15x full-margin leverage. The position is valued at approximately $18.05 million, with an unrealized loss of roughly $27,000. The average entry price of the position is about $2,452.59, and its liquidation reference price is around $2,695—roughly 9.8% higher than the current mark price. Trading statistics indicate that this address has previously accumulated a profit of approximately $2.51 million from ETH trades.
3 minutes ago
A trader holds a long position worth $11.2 million in HYPE, with an unrealized profit of approximately $58 million.
According to SpotOnChain’s monitoring, Hyperliquid trader watershedpath holds a $11.2 million long HYPE position with 5x leverage, generating an unrealized profit of approximately $58 million. The position’s average entry price is $38.68, while HYPE currently trades at $81.38—nearly doubling since entry—and the trader has held the position without taking profits. This is one of the largest single-sided HYPE positions on Hyperliquid, with the trader’s total profit on the platform exceeding $50 million.
3 minutes ago
Li Lin-backed crypto-friendly securities platform UMX officially launches.
Cryptocurrency-friendly securities platform UMX (The Unified Market Exchange), incubated by Li Lin’s Avenir Group, announced its official launch. Since the start of its public beta on August 10, UMX has received a total of 788 product feedbacks, with 89 demands implemented in the official version. Positioned as a crypto-friendly securities platform for global professional investors, UMX’s core offerings include real Hong Kong and US stocks, ETFs, US stock options and crypto asset trading. It is designed to address issues such as digital and securities assets being segregated in different account systems, complex cross-market allocation processes, and scattered purchasing power. Users can trade real securities and crypto assets under a unified account system, flexibly transfer funds between securities, crypto assets and fiat currencies, and access unified margin for cross-asset operations.
3 minutes ago
Japan's three major banks jointly complete empirical test for the joint issuance and cross-border payments of yen stablecoin.
Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), MUFG Trust Bank, and TISI announced that they have completed a joint multi-bank stablecoin issuance and cross-border payment pilot program from July 17 to 23, 2026. The project is supported by Japan’s Financial Services Agency (FSA)’s Fintech Pilot Center Payment Innovation Program (PIP). The three banks acted as co-principals, with MUFG Trust Bank serving as trustee. Under the trust agreement, the stablecoin was issued as a specific trust beneficial right per Japan’s Funds Settlement Act, using cross-border settlements between Mitsubishi Corporation’s Japanese and overseas bases as the use case to verify regulatory compliance and operational feasibility. All parties confirmed the system’s security and the viability of the multi-bank issuance model, and completed end-to-end verification of the stablecoin’s issuance, transfer, and redemption processes. The three banks previously stated plans to launch live transactions within the 2026 fiscal year, and established a joint discussion committee. With deposits as reserves and circulation limited to bank-verified users as core design premises, they will continue advancing the implementation of stablecoins and on-chain finance.
3 minutes ago
OpenAI upgrades GPT-Live-1.1: adds 13 new voices and reduces repetitive utterances of "checking in progress"
Beating AI News Flash: OpenAI has launched its new real-time voice model GPT-Live-1.1, along with a lightweight version, GPT-Live-1.1 Quip. The update adds 13 new voices covering languages including French, German, Hindi, Japanese, Korean and Mexican Spanish, plus an English voice named Bubbie. OpenAI states that the new version improves multilingual accents to make voice conversations more natural. The AI also no longer repeats fixed phrases such as "Checking" when searching for information, and task handoffs to other models are now smoother. GPT-Live-1.1 will be the default voice model for Plus and higher-tier subscribers, while other users will default to Quip. The update is rolling out to ChatGPT, Codex and dots, with API access to be opened later.
3 minutes ago
Analysis: Bitcoin short-term holders’ holdings rise to 4.08 million coins, up 422,000 from July’s low.
Crypto analyst Axel Adler Jr stated that short-term holders currently hold approximately 4.08 million bitcoin, the highest level since mid-June. Since the July 29 low, this holding has risen by around 422,000 units, a 12% increase. Of that total, some 154,000 bitcoin were added in the first two weeks of October, and a further 48,000 in the past week. He added that most new buyers entered the market in the $82,000 to $86,000 range. As of press time, the average cost basis for short-term holders stands at roughly $74,900, with their unrealized profit buffer narrowing from about 16% to around 10%. Adler noted that $74,900 is the breakeven point for this group, and bitcoin prices have remained above this cost level since August 20. A drop below this threshold would push the group into overall unrealized losses, potentially intensifying selling pressure.
Spout Finance has secured $2 million in funding to develop its interest-free USDC lending initiative for tokenized equities.
The platform’s margin loans are set at a 50% loan-to-value, can be stretched to multiple years, and users get to retain the ownership and subsequent income accrued on their stock.
Lender yield is funded by systematic covered call premium written against that collateral rather than by a rate spread charged to the borrower.
Spout beta is currently running on Solana devnet at beta.spout.finance, and interested users can sign up for access to the upcoming private beta launch.
Spout Finance has raised $2 million in a fundraising campaign to democratize prime brokerage with zero-interest lending against tokenized equities.
Participants in the round included Draper Dragon, Anchorage Digital, Flow Traders, Taisu Ventures, Vessel Capital, Solayer, 2Square Capital, and Bering Waters Ventures, with strategic backing from Solana Labs.
Why Spot Finance is loaning tokenized equities
In the current traditional financial system, a share-collateralized loan attracts punitive interest rates. For instance, at Charles Schwab, the base interest rate is 10.25%. Meanwhile, the interest rate for borrowing against your shares in the company, or even those in Fidelity Investments, is 12.075% for a margin under $25,000. Vanguard Group’s rate is higher at 12.25%, while E*TRADE Financial Holdings charges even more at 12.70%.
On top of that, these rates are tiered such that higher loans attract lower interest rates and smaller debts pay the highest rates. With the Federal Funds Rate placed at just 3.88%, these institutions benefit highly from the huge difference between those figures.
Additional profits for these institutions comes from securities lending programs, which allow brokerages to loan out your shares to other market players. Interactive Brokers retains 50% of the gross revenue generated from this model, while Robinhood retains a massive 85%.
Historically, private banks have offered friendlier interest rates on securities-backed lending but with certain stringent conditions. Private bank customers have to achieve a relationship minimum of $5 million or more in assets under management (AUM) to enjoy a leaner 4-6% loan interest rate. This feat proves hard for most people to achieve, pushing them outside of the relationship bracket where they accrue even harsher tax interest rates of 12%.
What Spout Finance does differently
This is where Spout Finance comes in. Contrary to the above institutions, Spout lets users collateralize their digital US equities to borrow USDC at a 50% loan-to-value (LTV).
Best of all is the 0% interest rates, which applies for as long as the loan exists. The reason behind this incredibly low interest rate is that Spout’s lenders earn from the premiums resulting from the weekly far out-of-the-money (OTM) covered calls made on the collateral. Meanwhile, users enjoy friendly loans and get to keep any income that their shares may generate.
More importantly, Spout enables multi-year loans without interest rates crippling users’ portfolios. Current equities-backed lending is only useful in the short term because over a long time the daily charges become too expensive for long-term debtors to cover. Spout not only serves both kinds of users interest-free, it also enables them to retain ownership of their stakes rather than dispose of them for cash.
As Chris Giancarlo, former Chairman of the CFTC and an angel investor in Spout explained, “Spout lets individuals put up tokenized shares of stock as collateral for margin loans without paying interest. Spout covers its costs in a different way: by selling options contracts tied to the pledged shares, and the fees it collects from selling those options pay for the loan instead of the borrower. That is prime brokerage economics made available to individuals. It is why I have invested in the company and serve as a strategic advisor.”
Samiz Bayan, partner at Draper Dragon, added, “Tokenizing a stock is only the first step. What gives it value is what you can do with it afterward. Spout offers holders the kind of borrowing that used to sit behind private bank minimums, and funds it from the portfolio itself.”
At the moment, Spout is running in beta on Solana devnet at beta.spout.finance. Those interested can sign up for access to the upcoming private beta launch by messaging @0xmryan or @SpoutFi on X.
Notably, capital raised in the latest round will be allocated to expanding the Spout team. Funds will also be channeled towards developing a credit layer that connects issuers, exchanges, and wallets.
Investors and advisers
Other than the investing entities listed above, Spout is proud to have received the critical backing and strategic support of a stellar group of angel investors including Solana Labs co-founders Anatoly Yakovenko and Raj Gokal.
Another is J. Christopher Giancarlo, the 13th Chairman of the US Commodity Futures Trading Commission (CFTC), and Spout’s regulatory and policy advisor. Giancarlo is also a board member of Nomura, Paxos, and Digital Asset Holdings, the chair of Polymarket’s advisory board, and a senior adviser to Jefferies. He is also the co-founder and Chairman of the Digital Dollar Project.
Additional investors are Eric Chen, the co-founder and CEO of Injective; Dean Swennumson the co-founder and Head of Operations at Superstate (formerly Compound Labs), and Anna Yuan the founder of Perena and former Stablecoin lead at the Solana Foundation.
Others are Paul Taylor – America’s most active crypto angel investor in 2024 and a former member of BlackRock Private Equity, and also Saiprasad Raut a former Chief Technology Advisor for Crypto at Worldpay (FIS), former co-chair of the Hedera Council’s Technical Steering and Product Committee, and Spout’s product advisor.
More are Shane Qiu the founder and CEO of Bitway, James Parillo a former General Partner at Figment Capital, Stefano Glauser a partner at Polymorphic Capital, Whales Lee a co-founder of CollegeDAO and the former Head of Product at Solayer, Steve Schoonebeek the Business Development Executive at Triton One and Riley Wild the M&A and corporate development at Figment.
A final advisor is Neil Amhis, who is a quantitative strategy advisor with a PhD from UCL, a former quantitative analyst at BNP Paribas and Natixis, and now the Lead Researcher at Zann Capital.
The US is hoarding Bitcoin (BTC), turning net importer in 2026 for the first time since 2022, while the rest of the world buys dollar stablecoins, Chainalysis data shows.
The 2026 Geography of Crypto report covers the 12 months to July 1. Chainalysis ties the split to need, since Americans already hold dollars and users elsewhere want them without a US bank account.
Why Is the US Hoarding Bitcoin While Everyone Else Wants Dollars?Chainalysis pooled on-chain service inflows, order book volume, and cross-border position into one Bitcoin index. The US scored 0.96 in 2026 against 0.52 elsewhere, a lead of 0.44 that stood at 0.09 in 2024.
The stablecoin index runs the other way. The rest of the world scored 1.00 and the US 0.56, a deficit that was 0.05 in 2024.
US hoarding Bitcoin while rest of world adopts stablecoins, Chainalysis index finds: Source: ChainanlysisAmericans, meanwhile, treat Bitcoin as a scarce store of value. Will Su, Managing Director and Head of Digital Assets Research at BlackRock, described that demand to Chainalysis.
“Investor interest in bitcoin as a monetary alternative remains strong, particularly as government debt and spending reach new highs globally.”
Will Su, BlackRock, via Chainalysis
Flow data fits the pattern. Transfers below $10,000 left the US on net each period, yet those above $10 million alone brought in 53,200 BTC. Chainalysis describes retail sending Bitcoin out and institutions bringing it in.
Which Trade Lasts Longer?Chainalysis says Bitcoin accumulation depends on institutions’ allocation decisions, which shift with market sentiment. Users who adopt digital dollars, it argues, are unlikely to turn back.
Dollar-pegged tokens account for 99.1% of stablecoin volume on exchange order books. Euro-backed tokens hold 0.45%, despite the European Union’s Markets in Crypto-Assets (MiCA) rules for stablecoin issuers.
The crypto economy of the US and Canada has almost doubled in the past 2 years. Source: ChainanalysisStablecoin reserves sit largely in short-dated US government debt, so overseas demand for digital dollars becomes demand for Treasuries. The pattern repeats in tokenized Treasury demand, where Italy, Portugal, and Singapore each hold more value than US holders.
Singapore and Hong Kong have introduced stablecoin licensing frameworks, yet Chainalysis says rules have moved faster than users.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to a disclosure from the Osmosis Community Hall, the liquid staking token bOSMO issued by Backbone Labs has a redemption contract vulnerability. Since April 2026, the contract has been double-counting OSMO staked by Backbone’s own validators during each redemption, leaving users receiving roughly 50% more OSMO than they are entitled to, with the excess costs covered by other bOSMO holders. To avoid further harm to other holders during community fund pool redemptions, relevant parties redeemed around 776,000 bOSMO in a single transaction on October 10, extracting approximately 1.2997 million OSMO. The OSMO involved in this redemption is expected to complete unbonding on October 24. Osmosis announced it will compensate 1,037 accounts holding bOSMO at the snapshot, totaling about 40,508 OSMO, calculated at a pre-redemption rate of 1.1174 OSMO per bOSMO. The compensation will be automatically distributed after unbonding finishes on October 24, with no action needed from users. However, bOSMO’s asset backing has dropped sharply post-redemption: currently, redeeming 1 bOSMO via Backbone only yields around 0.06 OSMO. As the vulnerability remains unpatched, new bOSMO can still be minted at a cost of roughly 0.039 OSMO, which may cause some liquidity pools to have prices significantly deviating from actual redemption value. Osmosis therefore advises users not to purchase bOSMO or provide liquidity to related pools, and urges existing liquidity providers to withdraw their funds.
Elon Musk paired the words Tesla x SpaceX with the Roadster livestream link, reviving Tesla SpaceX merger speculation. Polymarket bettors, meanwhile, give the car a 60% chance of a Roadster flying for one second or more.
Neither Tesla (TSLA) nor SpaceX (SPCX) has confirmed merger talks, but the post lands as analysts openly debate a deal. The demo of Tesla’s Roadster sports car, unveiled in 2017, reportedly leans on SpaceX thrusters, putting both brands on stage.
Why Does Tesla SpaceX Merger Talk Keep Returning?SpaceX’s push toward a Nasdaq listing brought the merger question back in May.
SpaceX then went public on June 12 at $135 a share, a $1.77 trillion valuation. It was the largest initial public offering (IPO) on record.
SpaceX closed October 14 at a $2.07 trillion market value, while Tesla shares are down about 18% this year.
SpaceX stock peaked at $225.64 within days of the debut, then slid.
SpaceX also absorbed Musk’s AI company xAI in February.
Barclays thinks the likelier route is SpaceX buying Tesla with stock. That would leave Musk with roughly 37% of the equity and 56% of the votes.
The bank sees the gains in integration, not financial engineering. It points to Tesla’s robotaxis and Optimus humanoid robots joining SpaceX’s AI work.
Wedbush analyst Dan Ives made a Tesla-SpaceX merger forecast of better than 80% odds by 2027.
Musk, however, said on Tesla’s July earnings call that any combination would need a proper process.
Will a Flying Roadster Steal the Merger Spotlight?Polymarket posted a photo of a backward-curving ramp at the venue, flagging speculation about a high-speed stunt.
JUST IN: Tesla has erected a towering, backward-curving ramp at tonight's Roadster event, raising speculation about a possible high-speed stunt. pic.twitter.com/qz9eVc1VwE
— Polymarket (@Polymarket) October 15, 2026 Reports say a remotely operated Roadster will hover on SpaceX thrusters that fire compressed gas.
Historically, Wall Street has punished Tesla’s past reveals. Shares fell after the Cybertruck, the 2024 Cybercab robotaxi and a September Cybercab event.
Barclays says a deal could surface before Tesla’s annual shareholder meeting, which must be held by December 6, Bloomberg reported.
A flight would settle the Polymarket market, but only a filing would settle the merger. Either way, markets must price a founder who leads two trillion-dollar public companies.
Fluxers! AI agents can now deploy apps to Flux Cloud entirely on their own. Our friends at Elisym Labs have launched the Flux Gateway agent on the Elisym network: an agent finds the service, gets a quote, pays, and comes back with a live app on the decentralized cloud — no human in the loop.
Try the Flux Gateway agent on Elisym Read the launch announcement What the Flux Gateway does The Flux Gateway is an agent that other agents hire. It offers three things:
A free quote. Describe the app and get its price before committing to anything. Deploy, paid in USDC. Send the deployment and pay in USDC on Solana; the gateway deploys the app on Flux Cloud. A verified public URL, and status. The agent gets back a working public address for its app, and can check on the app’s status whenever it likes. That is the whole loop an autonomous agent needs: discover a service, agree a price, pay, ship, and verify the result.
What Elisym is Elisym is open infrastructure for AI agents to discover and pay each other, with no platform and no middleman. Agents publish what they can do as capability cards on Nostr relays, customers find providers by capability, jobs and results travel over the same relays, and payments settle on chain. Agents built with Claude, Cursor, Windsurf and other MCP clients can join through Elisym’s MCP server, CLI, SDK or agent skills.
In other words, Elisym is an open marketplace where the buyers and sellers are agents. The Flux Gateway puts the decentralized cloud on its shelves.
Decentralized, end to end This is a match that makes sense. Elisym removes the platform between agents; Flux removes the single company between an app and the machines that run it. An agent that discovers the Flux Gateway over open relays and pays on chain now lands its app on thousands of independent nodes across more than 50 countries, with no account, no sign-up form and no gatekeeper anywhere in the path.
Paying in FLUX? Go direct with our MCP server The Flux Gateway is the fastest route for agents already working in USDC on Solana. Agents that hold FLUX can also talk to Flux Cloud directly through our official Flux Cloud MCP server: quote an app in US dollars, deploy it, pay in FLUX, watch it come up, read its logs, update it and cancel it. It is documented in Deploy with AI Agents (MCP), and we explained how we built it in Inside the Flux Cloud MCP Server.
Two open doors into the same decentralized cloud: one for agents paying in USDC through Elisym, one for agents paying in FLUX directly.
More to come This is the start of our work with Elisym. Next up is a joint demo of an agent deploying through the gateway, shared from both teams. Thank you to Elisym Labs for building it — and to every builder out there: point your agent at the Flux Gateway and let it ship.
Tesla’s pre-market shares in the U.S. rose more than 4.5%, while SpaceX gained roughly 2.5%.
According to market data from BIT (bit.com), Tesla’s US pre-market shares rose over 4.5% to $378.3, while SpaceX gained around 2.5% to $152.3. On the news front, Tesla demonstrated the short takeoff and mid-air roll capabilities of its flying car at today’s Roadster launch event, which is equipped with a cold gas thruster developed in collaboration with SpaceX. Additionally, Elon Musk stated that production of the Roadster sports car will commence in 2028.
1 seconds ago
South Korea's Finance Minister and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Treasury.
According to Yonhap News Agency, South Korea’s Minister of Economy and Finance and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Department of the Treasury. Attendees discussed recent economic conditions as well as economic and financial cooperation between the two countries.
1 seconds ago
Binance Wallet launches DeFi API, covering 10 EVM chains and protocols including Aave, Morpho, Uniswap, etc.
Binance Wallet has announced the launch of its DeFi API, built on its Web3 API infrastructure, allowing developers to integrate DeFi capabilities without needing to connect to each protocol individually. The initial rollout supports 10 EVM chains including BSC, Ethereum, Base, and Robinhood Chain, as well as protocols such as Aave, Morpho, and Uniswap. The API also enables the construction of transactions to add liquidity to supported bStocks liquidity pools. It supports DeFi product discovery, position tracking, protocol insights, and transaction building, with Solana support coming soon.
1 seconds ago
Vercel: Open-source models account for 71.5% of total tokens consumed, with Chinese models driving significant business for US-based inference service providers.
Beating AI Insight News Flash: Vercel releases its latest AI Gateway usage report. In September, open-source models processed 71.5% of the platform’s tokens, but their estimated call fees (based on public pricing) accounted for only 23%. A month earlier, open-source models’ token share stood at just ~56%. DeepSeek led in volume: its models took 58% of tokens but only 6.6% of estimated fees. DeepSeek-V4.1-Flash alone handled nearly half the tokens, contributing just 2.6% of costs. Conversely, MoonShot AI’s Kimi made up 3.6% of tokens but 13.2% of fees. Low-cost models handle most requests, while higher-unit-price models like Kimi K3 drive more spending. A notable trend: Chinese models are generating huge business for U.S. inference service providers. In September, nearly 70% of estimated call fees for Chinese models went to U.S. providers, up from less than 10% in December 2025. DeepSeek itself processed over 80% of its model’s tokens, but U.S. providers charged higher average rates—~40% of fees went to U.S. firms. These providers don’t need to develop their own models; they simply deploy DeepSeek’s open weights, offer compute power and API services, and charge customers. Meanwhile, total AI call fees on Vercel in September were ~13 times higher than in December 2025, while average per-token prices fell 47%. Among active high-volume paying teams, nearly a third switched their most-used model vendor. Enterprises can call different models via a unified API, eliminating the need to integrate with each vendor separately. Even for the same model, users can choose different inference providers. Model developers no longer monopolize call revenue: inference service providers and platforms like Vercel (which control developer access) are also competing for this business.
1 seconds ago
Binance Alpha Launches New Token NeoSoul (DNA)
Binance Alpha has listed the new token NeoSoul (DNA), with a current market capitalization of $115 million and a token price of $0.12.
1 seconds ago
INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.
According to TradingBeats' monitoring, INJ hit an intraday high of $9.37 on Hyperliquid, a new year-to-date peak. The token has risen roughly 30% over the past 24 hours, while open interest for INJ contracts on the platform reached about $12.65 million, up $4.19 million in 24 hours for a 49.5% increase. Whale address 0x8be0…2326c currently holds around 246,900 INJ long positions, with a position value of approximately $2.28 million, an average entry price of $7.68, and uses 5x full leverage. Its unrealized profit stands at roughly $386,000, with a position return of around 102%. The address has been adding to its INJ holdings since October 11; following today's price rally, it trimmed its position slightly but still retains the vast majority of its long positions.
South Korea's Finance Minister and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Treasury.
According to Yonhap News Agency, South Korea’s Minister of Economy and Finance and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Department of the Treasury. Attendees discussed recent economic conditions as well as economic and financial cooperation between the two countries.
1 seconds ago
Binance Wallet launches DeFi API, covering 10 EVM chains and protocols including Aave, Morpho, Uniswap, etc.
Binance Wallet has announced the launch of its DeFi API, built on its Web3 API infrastructure, allowing developers to integrate DeFi capabilities without needing to connect to each protocol individually. The initial rollout supports 10 EVM chains including BSC, Ethereum, Base, and Robinhood Chain, as well as protocols such as Aave, Morpho, and Uniswap. The API also enables the construction of transactions to add liquidity to supported bStocks liquidity pools. It supports DeFi product discovery, position tracking, protocol insights, and transaction building, with Solana support coming soon.
1 seconds ago
Vercel: Open-source models account for 71.5% of total tokens consumed, with Chinese models driving significant business for US-based inference service providers.
Beating AI Insight News Flash: Vercel releases its latest AI Gateway usage report. In September, open-source models processed 71.5% of the platform’s tokens, but their estimated call fees (based on public pricing) accounted for only 23%. A month earlier, open-source models’ token share stood at just ~56%.
DeepSeek led in volume: its models took 58% of tokens but only 6.6% of estimated fees. DeepSeek-V4.1-Flash alone handled nearly half the tokens, contributing just 2.6% of costs. Conversely, MoonShot AI’s Kimi made up 3.6% of tokens but 13.2% of fees. Low-cost models handle most requests, while higher-unit-price models like Kimi K3 drive more spending.
A notable trend: Chinese models are generating huge business for U.S. inference service providers. In September, nearly 70% of estimated call fees for Chinese models went to U.S. providers, up from less than 10% in December 2025. DeepSeek itself processed over 80% of its model’s tokens, but U.S. providers charged higher average rates—~40% of fees went to U.S. firms. These providers don’t need to develop their own models; they simply deploy DeepSeek’s open weights, offer compute power and API services, and charge customers.
Meanwhile, total AI call fees on Vercel in September were ~13 times higher than in December 2025, while average per-token prices fell 47%. Among active high-volume paying teams, nearly a third switched their most-used model vendor. Enterprises can call different models via a unified API, eliminating the need to integrate with each vendor separately. Even for the same model, users can choose different inference providers. Model developers no longer monopolize call revenue: inference service providers and platforms like Vercel (which control developer access) are also competing for this business.
1 seconds ago
Binance Alpha Launches New Token NeoSoul (DNA)
Binance Alpha has listed the new token NeoSoul (DNA), with a current market capitalization of $115 million and a token price of $0.12.
1 seconds ago
INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.
According to TradingBeats' monitoring, INJ hit an intraday high of $9.37 on Hyperliquid, a new year-to-date peak. The token has risen roughly 30% over the past 24 hours, while open interest for INJ contracts on the platform reached about $12.65 million, up $4.19 million in 24 hours for a 49.5% increase. Whale address 0x8be0…2326c currently holds around 246,900 INJ long positions, with a position value of approximately $2.28 million, an average entry price of $7.68, and uses 5x full leverage. Its unrealized profit stands at roughly $386,000, with a position return of around 102%. The address has been adding to its INJ holdings since October 11; following today's price rally, it trimmed its position slightly but still retains the vast majority of its long positions.
South Korea's Finance Minister and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Treasury.
According to Yonhap News Agency, South Korea’s Minister of Economy and Finance and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Department of the Treasury. Attendees discussed recent economic conditions as well as economic and financial cooperation between the two countries.
1 seconds ago
Binance Wallet launches DeFi API, covering 10 EVM chains and protocols including Aave, Morpho, Uniswap, etc.
Binance Wallet has announced the launch of its DeFi API, built on its Web3 API infrastructure, allowing developers to integrate DeFi capabilities without needing to connect to each protocol individually. The initial rollout supports 10 EVM chains including BSC, Ethereum, Base, and Robinhood Chain, as well as protocols such as Aave, Morpho, and Uniswap. The API also enables the construction of transactions to add liquidity to supported bStocks liquidity pools. It supports DeFi product discovery, position tracking, protocol insights, and transaction building, with Solana support coming soon.
1 seconds ago
Vercel: Open-source models account for 71.5% of total tokens consumed, with Chinese models driving significant business for US-based inference service providers.
Beating AI Insight News Flash: Vercel releases its latest AI Gateway usage report. In September, open-source models processed 71.5% of the platform’s tokens, but their estimated call fees (based on public pricing) accounted for only 23%. A month earlier, open-source models’ token share stood at just ~56%.
DeepSeek led in volume: its models took 58% of tokens but only 6.6% of estimated fees. DeepSeek-V4.1-Flash alone handled nearly half the tokens, contributing just 2.6% of costs. Conversely, MoonShot AI’s Kimi made up 3.6% of tokens but 13.2% of fees. Low-cost models handle most requests, while higher-unit-price models like Kimi K3 drive more spending.
A notable trend: Chinese models are generating huge business for U.S. inference service providers. In September, nearly 70% of estimated call fees for Chinese models went to U.S. providers, up from less than 10% in December 2025. DeepSeek itself processed over 80% of its model’s tokens, but U.S. providers charged higher average rates—~40% of fees went to U.S. firms. These providers don’t need to develop their own models; they simply deploy DeepSeek’s open weights, offer compute power and API services, and charge customers.
Meanwhile, total AI call fees on Vercel in September were ~13 times higher than in December 2025, while average per-token prices fell 47%. Among active high-volume paying teams, nearly a third switched their most-used model vendor. Enterprises can call different models via a unified API, eliminating the need to integrate with each vendor separately. Even for the same model, users can choose different inference providers. Model developers no longer monopolize call revenue: inference service providers and platforms like Vercel (which control developer access) are also competing for this business.
1 seconds ago
Binance Alpha Launches New Token NeoSoul (DNA)
Binance Alpha has listed the new token NeoSoul (DNA), with a current market capitalization of $115 million and a token price of $0.12.
1 seconds ago
INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.
According to TradingBeats' monitoring, INJ hit an intraday high of $9.37 on Hyperliquid, a new year-to-date peak. The token has risen roughly 30% over the past 24 hours, while open interest for INJ contracts on the platform reached about $12.65 million, up $4.19 million in 24 hours for a 49.5% increase. Whale address 0x8be0…2326c currently holds around 246,900 INJ long positions, with a position value of approximately $2.28 million, an average entry price of $7.68, and uses 5x full leverage. Its unrealized profit stands at roughly $386,000, with a position return of around 102%. The address has been adding to its INJ holdings since October 11; following today's price rally, it trimmed its position slightly but still retains the vast majority of its long positions.
South Korea's Finance Minister and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Treasury.
According to Yonhap News Agency, South Korea’s Minister of Economy and Finance and Bank of Korea Governor held a joint meeting with officials from the U.S. Federal Reserve and the U.S. Department of the Treasury. Attendees discussed recent economic conditions as well as economic and financial cooperation between the two countries.
1 seconds ago
Binance Wallet launches DeFi API, covering 10 EVM chains and protocols including Aave, Morpho, Uniswap, etc.
Binance Wallet has announced the launch of its DeFi API, built on its Web3 API infrastructure, allowing developers to integrate DeFi capabilities without needing to connect to each protocol individually. The initial rollout supports 10 EVM chains including BSC, Ethereum, Base, and Robinhood Chain, as well as protocols such as Aave, Morpho, and Uniswap. The API also enables the construction of transactions to add liquidity to supported bStocks liquidity pools. It supports DeFi product discovery, position tracking, protocol insights, and transaction building, with Solana support coming soon.
1 seconds ago
Vercel: Open-source models account for 71.5% of total tokens consumed, with Chinese models driving significant business for US-based inference service providers.
Beating AI Insight News Flash: Vercel releases its latest AI Gateway usage report. In September, open-source models processed 71.5% of the platform’s tokens, but their estimated call fees (based on public pricing) accounted for only 23%. A month earlier, open-source models’ token share stood at just ~56%.
DeepSeek led in volume: its models took 58% of tokens but only 6.6% of estimated fees. DeepSeek-V4.1-Flash alone handled nearly half the tokens, contributing just 2.6% of costs. Conversely, MoonShot AI’s Kimi made up 3.6% of tokens but 13.2% of fees. Low-cost models handle most requests, while higher-unit-price models like Kimi K3 drive more spending.
A notable trend: Chinese models are generating huge business for U.S. inference service providers. In September, nearly 70% of estimated call fees for Chinese models went to U.S. providers, up from less than 10% in December 2025. DeepSeek itself processed over 80% of its model’s tokens, but U.S. providers charged higher average rates—~40% of fees went to U.S. firms. These providers don’t need to develop their own models; they simply deploy DeepSeek’s open weights, offer compute power and API services, and charge customers.
Meanwhile, total AI call fees on Vercel in September were ~13 times higher than in December 2025, while average per-token prices fell 47%. Among active high-volume paying teams, nearly a third switched their most-used model vendor. Enterprises can call different models via a unified API, eliminating the need to integrate with each vendor separately. Even for the same model, users can choose different inference providers. Model developers no longer monopolize call revenue: inference service providers and platforms like Vercel (which control developer access) are also competing for this business.
1 seconds ago
Binance Alpha Launches New Token NeoSoul (DNA)
Binance Alpha has listed the new token NeoSoul (DNA), with a current market capitalization of $115 million and a token price of $0.12.
1 seconds ago
INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.
According to TradingBeats' monitoring, INJ hit an intraday high of $9.37 on Hyperliquid, a new year-to-date peak. The token has risen roughly 30% over the past 24 hours, while open interest for INJ contracts on the platform reached about $12.65 million, up $4.19 million in 24 hours for a 49.5% increase. Whale address 0x8be0…2326c currently holds around 246,900 INJ long positions, with a position value of approximately $2.28 million, an average entry price of $7.68, and uses 5x full leverage. Its unrealized profit stands at roughly $386,000, with a position return of around 102%. The address has been adding to its INJ holdings since October 11; following today's price rally, it trimmed its position slightly but still retains the vast majority of its long positions.
Pirate Chain, a privacy coin that shields every transaction by design, has a counterfeiting problem. A flaw in its source code allowed someone to mint around 39.8 million ARRR without authorization, roughly 20% of the token’s total supply at the time.
The network is still running. Users, however, have been told to keep their hands off their wallets while developers work out how to undo the damage.
What went wrong
The vulnerability surfaced on October 14, 2026. It traced back to two separate validation failures connected to Ironwood, a network upgrade that Pirate Chain activated on October 3.
The freshly minted tokens did not sit still. They were moved quickly into the Sapling shielded pool, the part of the network where balances and transfers are hidden by cryptography.
Pirate Chain’s development team acknowledged that the shielded nature of these transactions could make it harder to trace where the illicit coins went next.
One exchange moved fast. NonKYC flagged deposits tied to the exploit, restricted them, and blocked withdrawals to limit further risk.
The response: freeze, pause, rewind
Pirate Chain’s instructions were blunt. Users were asked not to move funds, and exchanges and mining pools were advised to voluntarily pause operations.
The proposed fix is more dramatic: a blockchain rollback. The team wants to revert the network to its state as of 20:00 UTC on October 14, with the goal of discarding every block produced after the exploit window.
There was one piece of reassuring news. The team said there was no indication that Pirate Chain’s notary keys or its zk-SNARKs cryptography had been compromised.
Why the numbers sting
Pirate Chain targets a maximum supply of 200 million ARRR. Around 39.8 million unauthorized tokens is a meaningful slice of that ceiling, not a rounding error.
The project also stands out because 100% of its transactions use zk-SNARKs. Unlike chains where privacy is optional, Pirate Chain makes shielding mandatory for everyone.
What this means
The rollback itself is a test. It requires coordination among exchanges, miners, and node operators, which is why the voluntary pause matters. If major participants keep processing blocks on the old chain, the recovery gets messier.
NonKYC’s quick decision to restrict deposits and freeze withdrawals likely kept some counterfeit coins from being converted into other assets.
The Ironwood upgrade had been live for only 11 days when the flaw was found. Privacy-focused coins face a particular version of this risk: when supply sits inside a shielded pool, outside observers have fewer tools to spot unusual activity, so the burden falls heavily on the validation rules being correct the first time.
What to watch next: whether the rollback to 20:00 UTC on October 14 is executed cleanly, when exchanges and mining pools resume normal operations, and whether the team publishes a full breakdown of the two validation failures behind Ironwood.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
INJ hits a new year-to-date high, with a certain whale realizing a 102% profit.
According to TradingBeats' monitoring, INJ hit an intraday high of $9.37 on Hyperliquid, a new year-to-date peak. The token has risen roughly 30% over the past 24 hours, while open interest for INJ contracts on the platform reached about $12.65 million, up $4.19 million in 24 hours for a 49.5% increase. Whale address 0x8be0…2326c currently holds around 246,900 INJ long positions, with a position value of approximately $2.28 million, an average entry price of $7.68, and uses 5x full leverage. Its unrealized profit stands at roughly $386,000, with a position return of around 102%. The address has been adding to its INJ holdings since October 11; following today's price rally, it trimmed its position slightly but still retains the vast majority of its long positions.
1 minutes ago
OpenCode has been offering free access to domestic Chinese AI models for two consecutive days: yesterday it was DeepSeek, and today it’s GLM 5.3 Flash.
Beating AI News Flash: OpenCode announced limited-time free access to Zhipu GLM 5.3 Flash, adding a dedicated entry for the standalone "GLM-5.3-Flash Free" model with no fees for input or output tokens. Just yesterday, OpenCode had already made DeepSeek V4.1 Flash available for free. Over two consecutive days, models from two Chinese AI companies have successively joined the free offerings.
1 minutes ago
Harvard’s endowment fund holds roughly $2.2 billion in SpaceX shares, bringing its total size to nearly $68 billion.
Harvard University’s annual financial report shows its endowment fund rose 27.1% in fiscal 2026, marking the strongest investment performance in five years. The fund’s total value now stands at nearly $68 billion. Harvard holds approximately $2.2 billion in SpaceX shares, a stake whose market value exceeds the total of all other disclosed public holdings. Harvard Management Company attributed the fiscal 2026 returns primarily to venture capital, public equities and hedge funds. Private equity currently makes up around 46% of the portfolio, with the share of venture capital and growth-stage venture capital climbing from 24% to 31%.
1 minutes ago
ZIL plunges over 22% in short-term trading, Upbit announces its delisting.
According to HTX market data, Zilliqa (ZIL) plunged over 22% in the short term, falling to $0.0027. Upbit will delist Zilliqa (ZIL) on November 16.
1 minutes ago
Upbit to Extend MANTRA Trading Warning Period
Upbit Extends MANTRA Trading Warning Period. Upbit has decided to extend MANTRA’s trading warning period, stating that after the token was designated as a trading warning asset, the exchange deems it necessary to further review the current handling progress.
UNCX Network’s Vesting V2 contracts were exploited for roughly $1.49 million across four blockchains, blockchain security firm Blockaid reported on October 15, 2026, after an initial $86,000 drain on Ethereum grew more than 17-fold as copycat wallets and trading bots joined the attack. The vesting platform, formerly known as Unicrypt, disclosed the incident in an official statement and said it is coordinating with law enforcement and SEAL 911 toward a recovery plan.
UNCX lets crypto projects lock liquidity and schedule token vesting so team and investor allocations cannot be sold at once. Blockaid attributed the drain to an accounting flaw in the VestingManager contract, the shared pool that governs those schedules.
How the Accounting Flaw Was Exploited The flaw involved how the contract tracked released and canceled vesting shares. Security researchers at ExVul, who examined the first Ethereum transaction, said the release() function reduced the global share total without removing released shares from a position’s recorded deposit, so a later cancellation deducted the same shares a second time.
By creating vesting positions, releasing a large one, donating tokens back, and then canceling a topped-up position, the attacker produced a tiny leftover position that could withdraw tokens backing other users’ deposits. No private keys were compromised; the contract’s own bookkeeping enabled the drain.
Scope and Containment Across Four Chains Blockaid put losses at roughly $969,000 on BNB Smart Chain, $242,000 on Ethereum, $169,000 on Robinhood Chain, and $114,000 on Base, across 11 drain transactions that included copycats and MEV bots. UNCX said the incident involves 10 tokens: pepecoin, EDGEN, ZC, X, LO0P, and PAAL on Ethereum; IMO on Base; BTCLE on BNB Chain; and CASHCAT and RKST on Robinhood Chain.
UNCX said its liquidity lockers and legacy vesting contracts remain unaffected. To contain the exploit it raised flat fees above 1,000 ETH per new lock, removed paths that bypassed fees, and lifted token fees to the 5% contract maximum. About $3.25 million was still in the affected Ethereum contract when Blockaid identified the attack.
What Happens Next No funds have been returned by the original attacker or copycats on any chain, UNCX said, and it advised against trading in affected pools until the respective token teams issue guidance. A comprehensive incident report covering technical findings, financials, and a proposed recovery plan is expected this week.
The incident is the latest reminder that shared smart contracts, including token vesting infrastructure, can be drained without a wallet being breached, a risk examined in wider blockchain security coverage.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Beating AI News Flash: Over a year after acquiring Bee, Amazon has launched two portable AI devices. The Bee Frontier, priced at $74.99, can be worn on the wrist or clipped to clothing, features dual microphones, offers up to 7 days of battery life, and is now available for purchase. The Bee Eclipse, priced at $99.99, is credit-card-sized, can be magnetically attached to the back of a phone, records audio from both sides of calls, boasts over 21 days of battery life, and is not yet on sale. Both devices, once activated, can continuously listen to daily conversations, summarize meeting content, scheduled times and to-do items, and integrate with apps like Gmail and calendars to draft follow-up emails and schedule meetings. Notably, Amazon has also integrated Bee with Alexa+ and its own e-commerce platform. For example, if a user mentions running out of dish soap during a conversation, after connecting to Amazon.com, they may see relevant recommendations on the shopping homepage. Last month, Amazon blocked Meta Muse’s automated shopping on its marketplace citing unauthorized access, and now it is integrating its own AI into shopping recommendations, moving to capture users at an earlier stage of their shopping needs. The free version only retains 14 days of memory; to access features like third-party app integration, Alexa+ and shopping recommendations, users need to subscribe to Bee Pro for $11.99 per month.
TLDR: Cross River Bank is integrating Ripple’s RLUSD stablecoin into its proprietary Core Operating System. RLUSD transactions on the XRP Ledger settle in 3-5 seconds at a fraction of a cent, around the clock. Fintechs can move between dollars and RLUSD and access ACH, wires, and real-time payments via one API. RLUSD market capitalization has passed $2.5 billion, with more than $1 billion issued on the XRP Ledger. Cross River Bank has partnered with Ripple to integrate RLUSD, Ripple’s U.S. dollar-backed stablecoin, into its Core Operating System.
The integration supports transactions on the XRP Ledger, a public blockchain. The move brings traditional banking and blockchain-based payments closer within the regulated U.S. financial system.
Issuers and acquirers gain a new option to settle intraday and reduce settlement latency. Fintechs can reach RLUSD payments through a single API connection for real-time settlement.
Cross River Bank described its platform as an integration layer between regulated financial services and blockchain-based payment networks.
RLUSD will sit inside the bank’s proprietary technology. As a result, customers can access the stablecoin without deploying their own blockchain infrastructure.
Cross River Bank shared the news in a post on X. The post said the partnership expands its stablecoin optionality. It also said the bank is proud to give partners “ The bank described the effort as a unified payments experience.
🪙 We’re excited to announce that we’re partnering with @Ripple to expand our stablecoin optionality and integrate RLUSD into our banking core infrastructure, with support for transactions on the XRP Ledger.
Together, we’re combining traditional payment technology with RLUSD on… pic.twitter.com/VnWjrexqWT
— Cross River Bank (@crossriverbank) October 15, 2026
Adam Goller, Head of Fintech Banking at Cross River, commented on the partnership. He said,
Goller added that the integration builds on existing stablecoin infrastructure and expands
Fintechs can move between U.S. dollars and RLUSD on the platform. They can also settle cross-border payments and treasury movement 24/7.
Customers will access ACH, wires, and real-time payments through the same platform. Cross River will add RLUSD as an additional payment rail.
RLUSD and the XRP Ledger Support Faster Settlement RLUSD is purpose-built for institutional use and issued on the XRP Ledger, a public blockchain. Transactions on the network settle in three to five seconds at a fraction of a cent. Payments can also move 24/7. The XRP Ledger has settled more than $1.3 trillion in value to date.
Markus Infanger, SVP of RippleX at Ripple, also commented on the integration. He said, he added.
Infanger said Cross River is He said the combination
Transfers can also occur across borders and around the clock. Together, the companies are building tools so RLUSD can move alongside traditional dollars under the same standards. The expanded partnership brings Ripple deeper into Cross River’s ecosystem.
RLUSD has grown to more than $2.5 billion in market capitalization. More than $1 billion is issued on the XRP Ledger.
Demand continues to rise for regulated stablecoins across payments, trading, and institutional use cases. Services from Cross River Bank are currently available only in limited states.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
CRCL's largest long position holder takes profit, with a prior position valued at $22.4 million.
According to TradingBeats' monitoring, address 0x7265…11a5, which once ranked first in Hyperliquid's CRCL long positions, closed all its CRCL long positions early this morning. The address generated approximately $22.44 million in trading volume from this long liquidation, realizing a profit of around $752,000. As of press time, Hyperliquid's CRCL contract is trading at $85.42, with a 24-hour trading volume of roughly $115 million.
9 minutes ago
Analyst: As interest rate hike expectations rise, short positions in the Bitcoin derivatives market have regained dominance.
Crypto analyst Darkfost noted in a post that the BTC funding rate on Binance has turned negative, currently standing at -0.0073%. A negative funding rate typically signals strong market short demand, with the overall derivatives market sentiment clearly leaning bearish. The last time this occurred was in June this year, when BTC traded around $62,000. It is important to note that Binance’s funding rate formula uses a 0.01% interest rate parameter, so the neutral funding rate is not 0% but 0.01%. The current rate falling below zero means short positions have clearly gained the upper hand. This signal warrants attention, especially against the backdrop of this week’s underperforming macroeconomic data: both U.S. CPI and PPI came in higher than expected, further stoking market expectations of future interest rate hikes by the Federal Reserve. Meanwhile, BTC has seen a notable correction since breaking above $87,000 a few days ago. Historically, when the market forms a highly consistent bearish outlook, prices sometimes move in the opposite direction, which may indicate a trend reversal, though the duration of such reversals varies widely. While this signal has reference value, traders still need to carefully develop entry strategies in combination with key technical levels. Two key price levels to monitor currently are $80,000 and $74,000.
9 minutes ago
The first meeting of Trump's AI Task Force focuses on cybersecurity and biosecurity, and plans to establish an early warning mechanism for AI model safety risks.
The AI task force established by US President Donald Trump held its inaugural meeting on Thursday, agreeing to address risks related to cybersecurity, biosecurity, and "model control and accountability". Amid growing external concerns over the potential dangers of artificial intelligence, the US government is ramping up focus on such risks. According to meeting minutes released by the White House, the body dubbed the "SuperIntelligenceForce" (Superintelligence Task Force) will task the President’s Council of Advisors on Science and Technology with drafting a report evaluating the aforementioned risks and other potential issues. "Superintelligence" is an AI-related term favored by Trump. The White House added that the task force will also "develop relevant protocols and mechanisms to allow AI labs to provide early warnings and systematic notifications to the government on security vulnerabilities, cyberattacks, model jailbreaking, and other matters".
9 minutes ago
Robinhood ecosystem token HOOKR surges past $31 million in market cap, hitting an all-time high.
According to GMGN data, HOOKR, the token of Robinhood ecosystem token issuance platform Hookr.fun, rose more than 42% today, with its market capitalization exceeding $31 million and hitting $31.14 million, marking a new all-time high. BlockBeats reminds users that most meme coins lack practical use cases, are highly volatile, and investors should exercise caution.
9 minutes ago
Tesla’s official China website has opened pre-orders for its new Roadster, with a pre-order deposit of 332,000 yuan.
Tesla’s U.S. official website has opened reservations for the Roadster. The reservation deposit for the Performance version is $50,000: a first payment of $5,000 is required, with the remaining $45,000 due within 10 days. For the Thrust version, the deposit stands at $250,000, with the same $5,000 initial payment and $245,000 balance due within 10 days. The Rocket version is currently only available for invitation-based reservations. Meanwhile, Tesla’s official Chinese website has also opened Roadster reservations, though unlike the U.S. site, it only offers bookings for the Performance version, with a deposit of 332,000 RMB.
9 minutes ago
Tencent's WorkBuddy Accused of Plagiarizing Claude Code: 224 Identical Text Segments, Even Internal Code Names Identified
Dongcha’s Beating AI News Brief: A technical comparison report alleges that Tencent’s WorkBuddy AI International Edition reused internal content from Claude Code. The report’s authors unpacked the WorkBuddy desktop client, comparing its built-in CodeBuddy CLI with the leaked Claude Code source code, and claimed to have found 224 identical text segments, with the longest reaching 494 characters. Notably, in Claude Code’s memory management file `memoryTypes.ts` alone, 46 out of 69 candidate text segments appeared in WorkBuddy. The overlapping content includes internal prompts that instruct the AI when to retain user corrections and approvals, not just generic tool names. The report also noted that WorkBuddy retains five internal event names prefixed with `tengu_` (such as `tengu_goal_set`) and paths like `/tmp/claude` and `.claude/debug`. `tengu` is Claude Code’s internal code name. However, Tencent’s CodeBuddy natively supports Claude Code’s plugin specifications, so some identical paths may be for compatibility. Claude Code, a closed-source commercial product, accidentally leaked around 510,000 lines of source code on March 31 this year.
Bitcoin, Ethereum, XRP Gain, but Dogecoin Slips Amid Spike in Rate Hike Odds: Analyst Says Everything Is ‘Fine’ for BTC if It Trades Above This Key Level
CNBC host Jim Cramer backed Reddit (RDDT) and Rocket Lab (RKLB) but passed on SiTime (SITM) on Thursday’s “Mad Money,” favoring stocks that have fallen over those priced for growth while interest rates climb.
The picks span social media, rockets, refiners and chips, yet one thread links them. The Federal Reserve (Fed) raised rates in September, and Cramer leaned toward stocks that had already sold off.
Does a Sell-Off Make Reddit and Rocket Lab Worth Owning?Cramer said he wants to buy Reddit after its slide this year. In contrast, one caller said investors punished lost, unprofitable Google traffic and ignored Reddit’s earnings from direct users.
Reddit is down over 12% in the last 3 months. Image: Trading ViewHowever, CEO Steve Huffman called Google search referrals choppy in July, even as revenue grew 61%.
On Rocket Lab, Cramer said the failure to launch hurt the stock less than he expected. On Wednesday, Rocket Lab delayed the debut of Neutron, its medium-lift rocket, to 2027, Bloomberg reported.
Meanwhile, Rocket Lab reported a record $2.36 billion backlog in the second quarter, up 137% year over year. However, it has yet to turn a profit, and Neutron anchors that plan.
Where Does Oil Risk Sit in Cramer’s Energy Calls?Cramer prefers Chevron to Exxon, unless taxes complicate a swap. He told a caller Enterprise Products Partners earns from natural gas liquids, such as ethane and propane, not oil.
Cramer called Valero (VLO) a binary bet on the crack spread, the gap between crude costs and refined fuel prices. He tied the spread to the Iran war.
On SiTime, which makes silicon timing chips, he drew the clearest line.
“It’s expensive, and I’m not recommending expensive stocks in tech or out of tech.”
Jim Cramer, host of CNBC’s “Mad Money,” CNBC
If the Fed keeps hiking, the same valuation test could reach crypto. Grayscale’s rate hike outlook argues that higher rates hit assets unevenly.
The Fed meets Oct. 27-28, and futures price about a 27% chance of another hike.
Starknet price rebounded nearly 25% toward $0.096 on Oct. 15 as voting opened on research into an independent blockchain, although STRK remained about 22% lower for the week.
Summary
Starknet price recovered from a daily low of $0.0718 but remained below the $0.10 threshold. Starknet opened a seven-day, nonbinding poll on researching an independent, quantum-resistant layer-1 network. The daily chart placed nearby resistance at $0.0977, followed by the $0.1221 range boundary. CoinGlass showed concentrated liquidation levels below price around $0.065–$0.070, alongside overhead bands near $0.10. TradingView’s Binance STRK/USDT daily chart showed the token trading at $0.09607, up 24.78% from the session’s opening price of $0.077. The rebound followed a drop to $0.0718, while the day’s high reached $0.09874.
The recovery brought STRK back toward $0.10 after several days of losses. TradingView’s weekly chart still showed a decline of approximately 22.4%, with the token trading below its weekly opening level of $0.12311.
Starknet’s rebound meets resistance below $0.10 TradingView’s daily Murrey Math indicator placed STRK just below a support-and-resistance pivot at $0.09766. The session’s high briefly exceeded that level, but the price had returned below it at the chart’s timestamp.
Starknet price daily chart — Oct. 15 | Source: TradingView A sustained move above $0.09766 would put the nearby $0.10 threshold back in focus. Beyond that, the indicator’s next marked boundary stood at $0.12207, close to the area where the recent rally reversed.
From approximately $0.096, reaching $0.12207 would require another gain of about 27%. That upper boundary also sits near the weekly high of $0.12494, leaving a clear gap between the current rebound and a full recovery of the week’s losses.
On the downside, the daily indicator marked the bottom of its trading range at $0.07324. STRK briefly traded below that boundary when it reached $0.0718, before recovering above it.
Those two levels form the nearest lower reference zone on the daily chart. Beneath them, the next Murrey Math pivot stood at $0.04883, substantially below the current trading price.
The daily Aroon indicator showed its upward reading at 71.43% and its downward reading at 7.14%. The upward reading remained dominant despite the pullback from the recent peak, although it had retreated from its maximum level.
The governance vote concerns research into an independent network Starknet’s governance forum said the seven-day poll would gauge holders’ interest in exploring an independent, post-quantum layer-1 blockchain.
According to the proposal, approval would begin a research effort leading to more detailed proposals and polls. A rejection would leave the network pursuing its post-quantum work as an Ethereum layer-2.
The forum identified Ethereum-dependent components, including Starknet’s bridge and data availability, as the reason for considering independence. Its proposal said those components remain tied to Ethereum’s security timeline.
The proposal also stated that STRK would remain the network’s token and that Ethereum bridges would stay open under either path. It gave no timeline for an independent network.
Market commentator Route 2 FI linked STRK’s initial rise to news of the vote in an Oct. 15 post. The commentator reported approximately 99.8% support at that point, while stressing that a favorable result would support research rather than approve a transition.
$STRK was up 20% on the news about the governance vote on whether they should become an independent post-quantum L1.
The vote ends in 7 days, but's it's already a 99,8% on "Yes, this should be researched".
A “Yes” vote indicates support for further research. It does not… pic.twitter.com/J11C1pXjI0
— Route 2 FI (@Route2FI) October 15, 2026 That distinction separates the confirmed governance development from claims that Starknet has already decided to leave Ethereum.
Weekly momentum remains positive despite the price retreat TradingView’s weekly MACD showed the MACD line at approximately 0.00689, above its signal line at minus 0.00362. The histogram remained positive at about 0.01052.
Starknet price weekly chart — Oct. 15 | Source: TradingView Those readings contrasted with the weekly price decline: STRK had surrendered part of its recent advance while the MACD retained its bullish crossover.
The weekly Stochastic RSI presented a more stretched picture. Its two readings stood near 90.25 and 92.37, both above the indicator’s conventional 80 threshold.
The faster line was slightly below the slower line, leaving a mixed weekly setup alongside the positive MACD. Price had rebounded sharply from the weekly low, but remained well below the opening level and recent high.
The longer weekly chart also showed STRK trading below earlier peaks near $0.20 and above. Even after its October advance, the token had recovered only part of the decline visible across the broader chart.
Liquidation bands and token releases frame the next test CoinGlass’s one-month liquidation heatmap showed several overhead bands between approximately $0.094 and $0.10, followed by additional bands around $0.107–$0.11.
Starknet liquidation heatmap | Source: CoinGlass Below price, brighter concentrations appeared around $0.065–$0.070. Additional bands sat near $0.075–$0.08, placing leveraged positions on both sides of the rebound.
Meanwhile, Starknet’s documentation states that up to 127 million tokens allocated to investors and early contributors unlock on the 15th of each month through March 2027.
At approximately $0.096 per token, that scheduled tranche represents roughly $12.2 million. The documentation also identifies STRK’s uses as transaction fees, staking, and governance.
For U.S. holders following the governance debate, the official documentation specifies that STRK does not represent equity in StarkWare or the Starknet Foundation.
On the price chart, $0.09766 and $0.10 remain the immediate recovery tests. A move above both would bring $0.12207 into view, while a reversal would return attention to $0.07324 and the $0.0718 weekly low.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Binance U.S., the U.S. arm of the top crypto exchange, is reportedly seeking to raise $100 million at a valuation of about $1 billion. Trump-backed World Liberty Financial, which has ties to the exchange, opted not to invest. Meanwhile, the U.S. arm is also considering expanding into areas such as prediction markets.
Binance U.S. Aims to Raise Fresh Capital at Nearly $1 Billion Valuation
According to a Bloomberg report, the U.S. arm of the top crypto exchange is looking to raise up to $100 million at a valuation of about $1 billion. The firm plans to use the capital to expand its crypto business in the country amid increased competition from other exchanges such as Coinbase, Kraken, Robinhood, and Gemini.
Trump-backed World Liberty Financial reportedly won’t participate in the private funding round despite being aware of it. This comes despite the company’s relationship with the top crypto exchange.
Binance holds a large share of World Liberty Financial’s USD1 stablecoin supply, and the exchange has run promotions involving the stablecoin. Furthermore, Abu Dhabi state-backed investment firm MGX invested $2 billion in the crypto exchange’s global arm last year using the USD1 stablecoin.
The U.S. arm previously raised $200 million four years ago at a pre-money valuation of $4.5 billion. However, its valuation dropped after the exchange settled with the Department of Justice (DOJ) over anti-money laundering charges.
As part of its expansion plans, Binance U.S. is reportedly looking to offer prediction markets and restore certain state money transmitter licenses. It is also considering tapping external liquidity, including from its global arm.
The planned fundraise also comes as the DOJ probes the exchange’s compliance with the 2023 settlement deal. As part of the deal, the Justice Department required the exchange to tighten its anti-money laundering rules and appoint external compliance monitors.
For more on crypto exchanges, check out Best Regulated Crypto Exchanges in the USA
Stripe co-founder Patrick Collison wrote that since Privy joined Stripe over a year ago, its wallet assets have grown roughly 25 times, monthly active developers have tripled, revenue has increased ninefold, and it now facilitates nearly $25 billion in transactions monthly. Companies including Ramp, Deel, Klarna, and Hyperliquid are building embedded banking features on Privy. Stripe is deeply integrating Privy into its Treasury, Link, and Connect products to accelerate global expansion and feature development, and plans to launch a Link balance feature. Privy’s wallet infrastructure now supports AI agents for transactions and revenue generation, with use cases including Merit Systems and Nevermined. Collison forecasts that the agent economy will continue its rapid growth. The two sides are building a unified API that supports holding stablecoin balances and earning yields, fiat on- and off-ramps, and card-based spending. Collison also noted that significant integration work remains between Privy, Bridge, and Stripe’s other business units.
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The reported rollout builds on Ripple Prime’s existing Hyperliquid access, which lets institutions combine onchain derivatives with other exposures in one margin framework.
The reported rollout builds on Ripple Prime’s existing Hyperliquid access, which lets institutions combine onchain derivatives with other exposures in one margin framework.
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Hyperliquid [HYPE] faced strong downward pressure as the broader market weakened following lower-than-expected Consumer Price Index (CPI) data.
HYPE breached $80 support and fell to $78 before bouncing back. At press time, Hyperliquid traded around $79, down 1.7% over the past day.
Yet one whale chose to stake over $100 million in HYPE, taking a longer view as derivatives selling persisted.
Why did a Hyperliquid whale stake $100M?
With Hyperliquid below the $98 recorded three weeks earlier, some investors turned to staking for yield.
According to Onchain Lens, three new wallets linked to one whale staked 1.255 million HYPE, worth $100.43 million.
Source: Hypurrscan
The move suggested a willingness to keep those tokens committed to staking rather than immediately available for sale.
And the whale had company. Hyperscreener data showed over 439.9 million HYPE staked, worth $35.2 billion and representing roughly 44% of supply.
Source: Hyperscreener
Reported average Daily Staking stood at roughly 120,000 HYPE. Staking can limit immediately available supply, although it does not guarantee stronger prices.
Spot Exchange Netflows offered another sign of tokens moving away from trading venues..
Source: CoinGlass
At press time, Spot Netflow stood around -$2.4 million, compared with -$11 million the previous day. Outflows continued, but their net value narrowed considerably. These withdrawals coincided with staking activity, although the figures did not establish a direct connection.
Derivatives Remain a Thorn
Although staking continues to reduce the supply available for immediate sale, derivatives markets have turned stubbornly bearish.
Over the past day, for example, Hyperliquid saw $673.4 million in Futures Outflows and $592 million in inflows. Over this period, Netflow fell to- $80 million, suggesting that more capital flowed out of the futures market than entered it.
Source: Coinglass
For perpetuals, especially on Binance, sell volume rose to 2.02 million, with Net Buying at -3.5 million. High sell volume suggested that more sell orders were executed on Binance.
Source: Coinalyze
These two metrics suggest that the derivatives market is currently contributing to the selling pressure.
What’s Next for HYPE?
Although whales are turning to staking, it remains insufficient to absorb the pressure from derivatives.
For that reason, the market still leans bearish. A look at the Relative Strength Index (RSI) confirms this observation.
Source: Tradingview
The RSI fell deeper into the bearish zone, reaching 39 and reflecting increased bearish pressure. When this indicator sits at such low levels, it signals that weakness may persist.
If selling pressure continues, Hyperliquid is likely to extend its decline and fall to $75 in the short term. However, if staking manages to absorb the selling pressure, HYPE could defend $80 and target a move to reclaim $88 in the short term.
Final Summary
Hyperliquid whale staked 1.255 million HYPE, worth $100.43 million.
Hyperliquid [HYPE] breached the $80 support and fell to a low of $78 before slightly rising to $79.
President Trump stated in August that the Commodity Futures Trading Commission (CFTC) is working to integrate the crypto platform Hyperliquid into the U.S. market in a compliant manner. Hyperliquid, known for its Layer-1 blockchain and decentralized platform, runs on-chain order books supporting both spot and perpetual-futures markets. Despite its current exclusion of U.S. persons, the CFTC’s involvement suggests efforts to channel Hyperliquid’s activities through regulated U.S. intermediaries. This development could indicate a significant step towards broader regulatory acceptance of novel crypto platforms in the U.S.
Key Takeaways
President Trump’s statement suggests the CFTC is facilitating Hyperliquid’s integration into the U.S. market within regulatory frameworks.
Pricing indicates potential increased confidence in Hyperliquid, with implications for its native asset, HYPE.
The initiative may reflect a broader regulatory trend towards accommodating innovative blockchain platforms under U.S. law.
What to Watch
Observers should monitor the CFTC’s actions regarding Hyperliquid’s integration, as regulatory approvals or delays could impact market perceptions. Developments in U.S. regulatory policy towards blockchain platforms could influence future market scenarios, especially if Hyperliquid gains significant approval or faces setbacks. Market reactions to any formal announcements from the CFTC or Hyperliquid itself will be crucial in assessing the long-term implications for the crypto market.
Hyperliquid wants into the US market. It just doesn’t want to be the one holding the license.
In an October 15, 2026 appearance on Bloomberg’s Odd Lots podcast, Hyperliquid Labs CEO and co-founder Jeff Yan sketched a regulatory model in which US oversight targets the financial firms that run markets on Hyperliquid’s Layer-1 blockchain. Under his proposal, the blockchain itself would sit outside exchange-level rules.
The internet analogy, applied to derivatives
Yan’s core argument leaned on a comparison to the internet. Nobody asks the protocols that move web traffic to register as a bank. The bank running a website on top of those protocols handles the compliance.
Hyperliquid, in Yan’s framing, is the plumbing. The licensed market operators building on it would be the ones answering to regulators.
Yan also pitched Hyperliquid as a partner to traditional finance rather than a rival. He described the goal as supplying core infrastructure that established firms can build on.
Washington is already paying attention
On August 19, 2026, President Trump said CFTC Chair Michael Selig was actively working to bring Hyperliquid into US markets in a fully legal way.
Hyperliquid had been preparing for this conversation well before Trump weighed in. In February 2026, the Hyperliquid Policy Center was funded with 1 million HYPE to engage with regulators including the CFTC and the SEC.
How HIP-3 makes the operator model work
Yan’s proposal isn’t purely theoretical. Hyperliquid already has a mechanism that separates the chain from the people running markets on it.
Under the HIP-3 framework, anyone who wants to deploy a market on Hyperliquid must stake 500,000 HYPE tokens for at least 183 days. The HIP-3 setup lets third parties stand up their own markets while the main Hyperliquid platform stays closed to US traders.
Kraken’s parent is already testing the idea
In September 2026, Payward, the parent company of Kraken, announced a partnership with Bitnomial and NinjaTrader Clearing to offer permissioned perpetual futures tied to Hyperliquid markets. Those products are aimed at eligible US clients, with users not getting direct access to the main Hyperliquid platform.
Payward’s structure is a working version of Yan’s pitch. Regulated US firms handle client onboarding, clearing, and permissions. Hyperliquid’s markets provide the underlying activity. The chain stays in the background.
What this means for Hyperliquid, regulators, and Wall Street
For regulators, Yan’s proposal offers a familiar shape. The CFTC already knows how to supervise clearing firms, futures commission merchants, and exchanges. Asking it to supervise the companies plugging into Hyperliquid, rather than a decentralized blockchain, keeps the agency inside its comfort zone.
HYPE holders have a specific reason to watch. Every HIP-3 deployer has to lock up 500,000 HYPE for at least 183 days, so a wave of new market operators would mean more tokens committed to staking.
Yan’s framework is a proposal, not policy. The CFTC has not formally adopted it, and the SEC’s view on where Hyperliquid fits remains a separate variable.
What to watch next: any formal guidance from Selig’s CFTC on how it will treat platforms like Hyperliquid, whether additional US brokers or clearing firms copy the Payward model, and how the Hyperliquid Policy Center uses its 1 million HYPE war chest in conversations with the CFTC and SEC.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
